Many investors ask the wrong question first.
They ask whether they should chase cash flow or capital growth before they know what they actually need...
Melbourne looks cheap compared to other major Australian capital cities.
That does not automatically make it a bargain.
A cheap suburb usually has a low price...
If housing feels increasingly unaffordable, it is reasonable to ask why prices have not fallen more sharply.
Deposits are harder to save, borrowing costs more...
